Digital Platforms

Despite $110 billion in industry losses due to catastrophes, global reinsurers have responded without any significant dislocation or squeeze on capacity, according to “Reinsurers Resilient Against Waves Of Catastrophes, Economic Uncertainty,” a report by A.M. Best Co.

A number of insurers have released financial results for Q1 2012. UnitedHealth, Travelers, RLI, Meadowbrook, Platinum and Cincinnati Insurance post decent results despite disasters.

According to a Towers Watson study, effective companies follow formal processes and have dedicated change management staff.

As BYOD and mobile devices become more prevalent in enterprise operations, limitations emerge.

Latest Android app enables drivers to digitally videotape their driving experience, recording accident evidence in the process.

Group of U.K. cyber insurers developing a framework of recommended information security practices and policies.

A full quarter of working-age adults experienced a health insurance coverage gap in 2011, mainly because they lost or changed their jobs, according to a think-tank.

Survey conducted by the Society of Actuaries reveals the top five risks among chief risk officers.

ClaimsVISION to enable efficient, single platform for all claims.

Overall customer satisfaction declined 13 points to 842 during the first quarter of 2012, according to J.D. Power study.

Deal includes upgrades surrounding policy, billing, claims, imaging and reinsurance processing.

Award qualifications based on written premiums, cumulative loss ratio and premium retention.

Payer/provider interoperability, health insurance exchanges among top 10 issues on The Managed Care Executive Group’s radar for 2012.

Business disruptions, volatile commodity prices and an unstable global economy end business as usual.

After last year's string of catastrophes, risk modeling software provider places more emphasis on supply chain risk quantification.

Despite massive catastrophe losses, insurers meet obligations and have surpluses to cover new claims.

Organic growth behind carriers’ desire for technologies that facilitate customer requests and consolidate multiple document systems.

Distracted driver disconnect ongoing as more teens believe they could get into an accident when drinking and driving versus texting and driving, notes State Farm survey.

Towers Watson’s “2012 Risk and Finance Manager Survey” found that 95 percent of insurance buyers had some concern over the hardening of the P&C market, which is a result catastrophic losses in 2011 and an upgrade in the catastrophe risk model to RMS 11.

Upgrades and additional functionality implemented to help business customers more efficiently analyze loss trends.

The “Aon Risk Maturity Index” identifies trends in the overall risk maturity of organizations based in different parts of the world.

Oracle seeking roughly $1 billion in damages; Google and Oracle CEOs expected to be among first witnesses.

State Farm, Progressive and Allstate noted for successful Facebook presences in a recent report breaking down the industry’s take on social media.

The stress of filing income taxes may make U.S. motorists more prone to fatal motor vehicle accidents today say Canadian researchers.

a study by Willis Group Holdings reported that among primary umbrella casualty lines more than 75 percent of insured clients are seeing modest rate increases on renewal, driven by gradual increases in revenues and rating exposures.

Participants in national online pilot learn skills to help manage conditions and interact with others living with chronic illness.

USAA files suit against Mitek for alleged misappropriation of USAA's proprietary information, breach of contract and fraud; Mitek responds with a countersuit for alleged patent infringement and breach of contract relating to its technology.

Stable-value products are in demand among retirement-focused workers, according to New York Life's data.

A new report from Novarica outlines significant internal and external costs behind the average P&C PAS project, but the speed-to-market improvements may be worth it.

Banking industry exec discusses the issue’s force-placed furor, the industry's response and possible areas of compromise.

Indonesian earthquake latest reminder to insurers of property catastrophe exposure.

“Insurers on the West Coast are keeping headcounts low, and many are preparing a set off layoffs in the next month,” Janco CEO Victor Janulaitis told Insurance Networking News. “The IT job markets in Chicago and Boston are doing reasonably well and Dallas is picking up, but overall it’s not where it used to be four years ago.”

Insurance group aims to mitigate regulatory risks across specialty P&C, annuity and supplemental health insurance businesses.

Convenience, life triggers shape buying habits, reports LIMRA.

As insurers attempt to recoup losses from a costly 2011, global property insurance rates rise in the first quarter of 2012, Marsh reports.

Asia, including China and India, is spearheading the trend, covering roughly 80 percent of this emerging market.

There was this tremendous downturn in the stock market in 2008, and here we are four years later but confidence has not been restored. There’s lots of opportunity for insurers to solve the things that seniors are worried about.

Bailed-out insurer upgraded based on the likelihood of regaining independence from the U.S. government.

Research finds splintered group of younger Millennials exhibiting different values on several subjects, including a strong sense of entitlement.

A Gartner survey of IT leaders in North America reported that 81 percent felt that customer retention is extremely important to them with customer acquisition ranking number five out of 10 and expanding relationships with existing customers rating number six out of 10.

Specialty risk management provider adding 50 jobs to what is already its largest location.

“The Customer, Google and UK Car Insurance: Lessons from Evolving Customer Search Behavior” reveals that price comparison tools increase the premium across all insurers. “They make the insurance product about price rather than best fit for the client’s needs,” said report co-author and Celent Analyst Craig Beattie.

To remain relevant in an era of flat budgets and growing business demands, Ken McGee's second-day keynote at Gartners’s Business Intelligence Summit in Los Angeles called for a “CIO manifesto” in order for chief information officers to match the quality of business-initiated projects to the work of IT.

John Paulson enters reinsurance game provided with $500 million of start-up capitalization.

Insurance Institute for Business & Home Safety agrees with Presidential Policy Directive designed to facilitate an integrated, national effort to mitigate risks.

Specialty insurer to automate legal expense management operations over the course of the three-year contract.

The fifth annual index found that 24 percent of respondents tried to resolve their property/casualty insurance issues online before calling their insurers directly compared to 21 percent for health insurance.

Can insurers try to leverage social data to open up a new market? If so, would that affect the value of that data for claims/underwriting purposes?

Company will pay out a total of $10.6 million to four states for unlicensed activities.

Workers unaware of their health risks and the potential financial impact of those risks, says Aflac report. Six out of 10 workers said it’s not very or not at all likely they or a family member will be diagnosed with a serious illness such as cancer.

As many no-fault states look into changing the laws, Fitch finds that large auto policy underwriters such as State Farm, Progressive and Allstate have reported weaker underwriting results in some of these states.

The Financial Stability Oversight Council can begin the three-stage process of designating firms as systemically important financial institutions.